Optus could be sold to Canadian private equity giant in $18 billion deal

Mar 15, 2024 | News

Optus – or at least a significant share of it – could be offloaded to a private equity firm in a deal worth up to $18 billion.

Singtel, the company’s Singapore-based owner, is reportedly discussing a sale of Australia’s second-largest telco with Canadian asset manager Brookfield – a move that, if it goes through, could spark a price war that would benefit Australian customers.
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“In the short term they probably will create a price war because they know they can grab market share really quickly,” he added.
However, any such deal is still likely a fair way away.
“Yes, they’re in ‘advanced talks’, but advanced talks does not mean a deal,” Lucas said.
Source: 9news

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